TAIWAN: Fabric Firm De Licacy Posts May Profit Surge
Fabric manufacturer De Licacy Industrial Co Ltd on Thursday posted a 340 per cent leap in pre-tax profits for May to NT$32.6 million compared to the year-ago period and said profits so far this year were up 191 per cent.
It added it plans to invest up to NT$60 million in new machinery which will boost output by 20 per cent and said its subsidiary in mainland China is expected to earn NT$300m in 2002 after increasing its production capacity.
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